MANCHESTER, N.H.–One credit union has announced a new president and CEO, while two other credit unions have announced CEO retirements.
Fresh Today
TALLAHASSEE, FL – The League of Southeastern Credit Unions (LSCU) is reporting it has launched a “substantial campaign” to defeat state-level interchange legislation in Florida.
HEATH, Ohio–Two credit unions are reporting they have earned their community development financial institution (CDFI) designations from the Treasury Department.
WASHINGTON–The Supreme Court, in a unanimous decision, has ruled that people and businesses subjected to administrative proceedings at the Federal Trade Commission and the Securities and Exchange Commission can seek to enjoin, or block, those proceedings by suing in U.S. District Court and raising constitutional arguments there.
WASHINGTON—NAFCU and CUNA have joined with several other trade groups in sending a letter to the House Financial Services Committee warning of “the increasing threat credit repair scams pose to consumers and the credit markets.”
WASHINGTON—The Federal Housing Finance Agency (FHFA) has issued a request for comment as it begins a regulatory review and is seeking feedback on how its regulations could be more “effective and less burdensome.”
WASHINGTON—The Small Business Administration has finalized changes to its 7(a) and 504 loan programs, changes CUNA believes will ultimately harm the borrowers the SBA intends to aid.
WASHINGTON —The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated sanctions against Genesis Market, one of the world’s largest illicit marketplaces, for its part in the theft and sale of device credentials and related sensitive information.
MADISON, Wis.—In the wake of two early Feb. 6 earthquakes, the Worldwide Foundation for Credit Unions (WFCU) said it is providing a $41,000 grant to Tarim Kredi (Agricultural Credit Cooperatives of Turkey) for the purchase of 10 portable office units that will allow some of their credit cooperatives to resume operations.
PHIILADELPHIA–A member of the Federal Reserve Board said the reason there have been so few de novo banks in recent years is the result of developments that include what are known as “charter-strip” banks, the shift to a “shadow banking” system, and the growth of “banking as a service.”